Real estate major Lodha Developers Ltd has announced the acquisition of an 80 percent stake in Solidrise Realty Pvt Ltd for Rs 294 crore, marking a significant move to strengthen its presence in the fast growing Pune property market. The transaction positions Solidrise Realty as a subsidiary of Lodha Developers and reflects the company’s continued strategy of expanding its footprint across key urban centers in India.
Pune has emerged as one of the most dynamic residential markets in the country, driven by strong demand from IT professionals, manufacturing hubs, and a growing startup ecosystem. By acquiring a controlling stake in Solidrise Realty, Lodha Developers is aiming to tap into this sustained housing demand while deepening its project pipeline in the region. The deal is expected to enhance Lodha’s land bank and provide access to new development opportunities that align with its premium and mid income housing segments.
Over the past few years, Lodha Developers has been actively expanding beyond its traditional stronghold in the Mumbai Metropolitan Region. The company has steadily increased its presence in cities such as Pune, Bengaluru, and the National Capital Region, focusing on strategic land acquisitions and partnerships that can deliver long term value. This latest investment underscores management’s confidence in the resilience of India’s housing sector despite global economic uncertainties and rising input costs.
Financially, the acquisition also signals Lodha’s intent to deploy capital into projects with strong growth potential. The company has reported stable performance in recent quarters, supported by healthy sales bookings and consistent demand across its residential portfolio. Integrating Solidrise Realty into its operations is expected to create synergies in project execution, marketing, and brand leverage, further strengthening its competitive position in western India.
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